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MLS data shows a total of 1,870 foreclosures sold and closed through November — less than 1/3 the “corrected” number of postings reported today. With only 300 on the market today, where are the other 4,000? Continue reading
Within a local market, there can be a wide variety of conditions from one area or subdivision to another. Today, I focus on four neighborhoods in the city of Austin (not suburban cities and towns) where homes sell for roughly +/- 10% of our median price. Continue reading
As we all sit down for a Thanksgiving feast on Thursday, we should be thankful for being here — mild climate, progressive culture, healthy economy, and the grand variety of the Central Texas environment! Continue reading
Despite the conclusion you might draw from most news media, Texas and Austin gained employable population last month and added even more jobs. Continue reading
As the Fed stops buying its own bonds, will mortgage interest rates rise? Some think so. Continue reading
In a number of blog posts and messages to my clients I have commented on how dramatically supply, demand, pricing, and time on market can vary from one neighborhood to another. I decided to assemble some examples for specific discussion. Continue reading
Bill Morris on Austin Real Estate 